USD/SEK Up 13 Pips Over Past Hour; 2 Day Up Streak Snapped
The closest is the 20 day average, which is 653.6 pips away.
USDSEK
(Last Updated April 15, 2021)
Welcome to the news page for USDSEK (USDSEK). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for USDSEK
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| United States Philadelphia Fed Manufacturing Index | Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 42 | 50.2 |
| United States NY Empire State Manufacturing Index | Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 19.5 | 26.3 |
| United States Retail Sales MoM | Mar 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 5.9% | 9.8% |
| United States Retail Sales Ex Autos MoM | Mar 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 5% | 8.4% |
| United States Continuing Jobless Claims | 03/Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 3700K | 3731K |
The Trend
A trend/countertrend situation exists on USDSEK, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 and 30 day timeframes. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
USDSEK Moving Averages
USDSEK’s moving averages tell a multi-facted story about its trend. The 20 and 50 day averages suggest a bullish trend, as they are pointing upwards, in contrast to the downward-facing 100 and 200 day averages that imply a bearish trend. This implies that the long-term trend — meaning going back over 3 months — is bearish, while the trend over the past month and a half is bullish.
The chart below illustrates.
In terms of correlations over the past week for USDSEK, it has been most correlated with EURGBP. If we zoom out to a two week basis, though, GBPNZD is the asset most correlated to USDSEK. On the flip side, the asset least correlated with USDSEK over the past week has been EURNOK, but if we observe the prior two weeks, USDHKD has been the asset least correlated with USDSEK. The chart below illustrates USDSEK against its least correlated assets.
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The View From the Weekly Timeframe
Currently, USDSEK’s rate is down -698 pips (-0.82%) from the week prior. Moreover, note that the weekly chart shows that USDSEK has seen 2 straight down weeks. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. USDSEK’s weekly price action over the past 52 weeks can be seen via the chart below.
USDSEK: The Monthly View
Clearest trend on the monthly is apparent at the 120 month timeframe.
USDSEK Down 60 Pips On Hourly Chart; in an Uptrend Over Past 14 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
USDSEK Up 13 Pips Over Past Hour, Moves Up For the 2nd Consecutive Day; in an Uptrend Over Past 30 Days
Compared to its peers in the forex, usdsek gave its buyers a return that ranked 4th in terms of percentage change since the day prior.
USDSEK Up 27 Pips in Last Hour, 2 Day Down Streak Broken; in an Uptrend Over Past 14 Days
Relative to other instruments in the forex asset class, usdsek ranked 6th yesterday in terms of percentage price change.
USDSEK Down 31 Pips in Last Hour, Entered Today Down For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
This move is a reversal from the hour prior, which saw price move up.
USDSEK Down 68 Pips On Hourly Chart, Moves Up For the 2nd Straight Day; in an Uptrend Over Past 30 Days
Compared to its peers in the forex, usdsek gave its buyers a return that ranked 9th in terms of percentage change since yesterday.
USDSEK Down 36 Pips On Hourly Chart, Moves Up For the 2nd Straight Day; in an Uptrend Over Past 30 Days
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
USDSEK Down 84 Pips Over Past Hour; in an Uptrend Over Past 30 Days
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
USDSEK Up 4 Pips Over Past Hour, Moves Up For the 4th Consecutive Day; in an Uptrend Over Past 30 Days
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
USDSEK Down 30 Pips On Hourly Chart, Moves Up For the 3rd Straight Day; Pin Bar Pattern Appearing on Chart
The closest is the 200 day average, which is 306.9 pips away.